Chapter 478: Opposition from the Tata Family

"If the bank can't lend money, are other financial institutions unable to do so?" Cyrus said calmly.

The assistant hesitated for a moment and said, "Boss, the interest rates of those financial institutions are much higher than those of banks, and the conditions are also much more stringent."

If you really want to raise funds, you can certainly get it, as long as you pay a high price and high interest.

The assistant just wanted to borrow money from the bank, as the interest rate on the loan is more reasonable.

Many of the others are considered usury.

Many companies borrowed these high-interest loans and ended up falling into the trap. The profits they made might not even be enough to pay the interest, and the interest kept compounding, eventually ruining them.

"It doesn't matter. Compared with the future income, this little interest is nothing." Cyrus said, "You do it right away. I want this piece of land. That guy Rotten still wants it. It's just wishful thinking!"

"Yes." The assistant replied quickly.

He understood what was going on.

It turned out that Sori's interview irritated the boss.

As for what the boss said about Roden, the assistant was very clear about it.

Of course he knew that there was Rotun behind Sori, and he also knew about some of the grudges between the boss and Rotun.

According to his understanding, the boss targeted Sori because he wanted to take revenge on Rodon.

The boss doesn't even take Sori seriously. Only Rotun behind Sori is the boss's target.

He has already seen the news about Sori's interview.

It has to be said that Sori seemed very confident. He wanted to acquire the land in downtown Mumbai. He also said that after acquiring the land, he would build a Mumbai Garden, which would be the most luxurious real estate in Mumbai and even in India.

In his opinion, this is just bragging.

Of course, he did not deny that Sori was indeed very powerful. With the influence of Reliance Group and Tata Group, Sori had abundant financial resources.

No wonder the boss asked me to double the funds I want to raise. He wants to fight Sori, or Roton, to the end.

The boss will definitely not let Roton get what he wants or what he likes.

The amount of bank loans is limited, but there are many other financial companies that provide loans, and you can even borrow money from wealthy private individuals.

In short, Cyrus has now opened up this loophole, and it doesn't matter if the interest rate is a little higher, so the assistant's nervousness was finally put at ease.

And this is a good thing.

If you seek loans from financial companies, you can get a lot of benefits as the person handling the matter.

For example, when negotiating the interest on a loan, as long as he is willing to make more concessions, I believe the other party will give him a huge kickback.

Anyway, this is the money that the SP Group will pay in the future. It belongs to the Mistry family and has nothing to do with him as an assistant.

Why not grab what you can now?

What you catch is yours.

Moreover, he would have no problem with such an operation.

Because in the future, Cyrus will give himself an interest rate within a range, for example, the loan interest rate can be between 5-7%. He can agree with the lender that he will try to get as close to the upper limit of 7%. In this way, the benefits will be transferred and the kickbacks will come.

There was also movement on the SP Group's side. Cyrus also spoke in a news media, saying that their SP Group was determined to acquire this piece of land in downtown Mumbai.

This really has a sense of confrontation.

Of course, there were also some other powerful real estate development companies that made such statements.

There is no way, land in Mumbai city is too hard to come by.

After seeing the news, Natarajan understood that Rodon was probably targeting Cyrus.

Because Roton said that large-scale investment must be strictly controlled, but Sori claimed that this project must be won. Isn't this obviously a lie? He believed that Roton could not be targeting some other real estate development companies, it could only be SP Group and Cyrus.

Some time ago, Cyrus had several rounds of bidding competition with Sori.

He could also see that Cyrus was targeting Sori, probably because of the grudge he had with Rotten.

I can see this, and I believe Luoton knows it even better.

That's why Rotten asked Sori to do this.

Sori has spoken, can Cyrus show weakness? Considering Cyrus's character, that is impossible.

Sure enough, Cyrus also responded.

Ever since the Tata family reconciled with the Mistry family, he knew that Rotun basically stopped targeting Cyrus.

No one cares much about some small actions.

These small actions were mainly from Cyrus's side, and he also took actions against the Tata family.

The so-called reconciliation before was actually only temporary and not a complete reconciliation.

Because the Mistry family and the Tata family have not yet fully sorted out their interests within the group, especially since these shares are still frozen.

Ratan agreed to temporarily loosen the Mistry family, but that depends on how they perform next.

As for how long it will take to actually lift various restrictions, such as unfreezing shares, it depends on Ratan's mood.

Cyrus was obviously still dissatisfied with all this and kept making various small moves.

Of course, a big shot like Ratan would not make a big fuss about these small actions. As long as it did not have too much impact on the business of the Tata Group, he would not bother to pay attention to it.

If these things were just some personal grudges between Roden and Cyrus, Natarajan probably wouldn't care.

However, this incident made him feel nervous. It was not that he was worried about the situation at the real estate company. Even if there was a loss, it was nothing to the Tata Group and the Tata family.

He was a little uneasy now. Why did Luoton do this? Luoton had said before that the big investment from the real estate company would be stopped, and even if it wanted to invest, it would have to get his approval. Natarajan hadn't thought too much about it before.

But now he had to think more.

It is clear that Rodon is not optimistic about this real estate development project in downtown Mumbai.

Combined with the fact that Roton restricted other large investments, it can be seen that Roton is not only not optimistic about this project, but also other projects.

Natarajan was a little confused, wondering whether Rodon was only pessimistic about the real estate industry, or whether it was also true for other industries.

If it was just the former, it would be fine, but if it was the latter, then there would be a big problem.

Although Rotten was not a businessman, he was aware of the plans that Rotten had given to Sori before.

From these aspects, it can be seen that Luoton definitely has a very forward-looking vision, and this vision is unique and very accurate.

If we follow Roton's approach, especially the latter, then we are not optimistic about the economy? Then should some of the big investments of the Tata Group also be slowed down? Natarajan felt that he had to have a good talk with Roton.

He is now in charge of the Tata Group and is under a lot of pressure.

It can be said that he came to power with the strong support of Ratan, and many people within the group were dissatisfied with this.

In fact, the biggest opposition comes from the Tata family.

Ever since the Cyrus incident, a large part of the Tata family believes that outsiders are unreliable, and the new chairman of the Tata Group should be selected from the Tata family, whose talents are reliable.

Kolatan rejected those people's ideas.

Because in Ratan's view, the Tata family does not have the talent to support the Tata Group for the time being.

If one does not have enough ability and forcibly supports a member of the tribe to take the position, the consequences may be more serious if this person is incompetent.

Finding a capable outsider whom you can trust is obviously the best option.

It won’t be too late to take over the position of chairman when a capable member of the family emerges in the future.

Another thing is that in the eyes of the outside world, the Tata Group is basically considered to belong to the Tata family and is family-ruled.

This is not good for the group's external image, especially since the Tata Group has now expanded overseas, and the family-style business will obviously not be favored by foreign capital.

When investing overseas, the Tata Group will also cooperate with large foreign capital and financial institutions.

Family-style business gives people a sense of opacity, which makes the other party feel cautious when cooperating with foreign institutions, causing the Tata Group to lose many opportunities.

Therefore, it is very necessary to change the business philosophy.

Professional managers, that is the normal operating mode in the country.

Many former family businesses abroad were eventually handed over to professional managers.

After all, these people are more professional.

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Ratan suppressed the different voices of these people, but Natarajan knew very well that he had to achieve results in this position.

Those who opposed me were all staring at me now, and any problem I had would be magnified infinitely by those guys.

"Mr. Tata, let me report something..." Just as Natarajan was thinking, a voice was heard outside the door.

Before Natarajan could react, the office door was pushed open.

"Natarajan, I have something to talk to you about." A man in his fifties came in.

Behind him was Natarajan's assistant, who looked at Natarajan helplessly.

"Mr. Chairman, Mr. Tata?" The assistant wanted to explain.

He wanted to stop it just now, but he couldn't.

This guy just barged in like that.

"You go down first." Natarajan said lightly.

He knew very well the temperament of the guy in front of him, and his assistant couldn't stop him.

Relying on his status, he has no respect for me as the chairman of the group, let alone my assistant. How could the other party take me seriously?

"Nomar, what's the hurry?" Natarajan asked him to sit down.

Norma Tata, a member of the Tata family, is also the nephew of Ratan Tata.

Ratan Tata remained unmarried and had no children.

A few years ago, a reporter interviewed Ratan and asked him why he remained unmarried. Ratan said that he almost got married four times, but gave up in the end because of fear and other reasons.

As for other reasons, no one is very clear.

The fear expressed by Klatan gave people a lot of imagination.

It is generally agreed that the reason for Ratan's fear is probably related to his childhood experiences.

When Ratan was a child, his parents divorced, which probably left him with psychological shadows and trauma.

As a result, Ratan developed a fear of marriage when he grew up, and he became what he is now, unmarried and childless.

As Ratan's nephew, Norma was originally a very popular candidate for the new chairman.

Norma is from the Tata family and has been working in the group.

When Cyrus came to power, Norma was very dissatisfied.

During the course of his work, he opposed Cyrus in various ways.

Whether Cyrus's decision was right or wrong, he would oppose it.

After Cyrus was removed from office, everyone thought that Norma would take over the position of chairman, and Norma himself thought so too.

Is there any doubt about this? Last time, his uncle made a mistake by choosing Cyrus, an outsider, as the chairman, which caused such a big trouble. This time, he had to use his own people.

Given his status and experience working in the group, who else could take the position of chairman if not him?

Unfortunately, man proposes, God disposes.

Just when Norma was full of confidence, the position finally fell to Natarajan.

This made Norma furious and was a huge blow to him.

He hated his uncle, but he dared not show this hatred.

Because Ratan has absolute authority in the Tata family, he dare not challenge Ratan's authority.

So he turned his anger towards Natarajan.

In his opinion, it was Natarajan who took his place.

Before he hated Cyrus, now he hated Natarajan.

In short, as long as he is not the chairman of the Tata Group, he will hate whoever is the chairman, because they are the ones who snatched away the chairmanship that originally belonged to him.

It is precisely because of this that he had no respect for Natarajan and always called him by his first name.

In Norma's opinion, Cyrus also has the identity of a major shareholder family, and can be considered half a member of the Tata Group.

And this Natarajan is really just an employee, at most a senior employee.

Norma was very indignant that the group's employees were actually riding on his head.

When he was in the company, he did not allow others to call him by his job title, but instead required them to call him Mr. Tata.

You know, this Mr. Tata used to refer specifically to Ratan within the group.

Now that Ratan is no longer with the group, Norma believes he is entitled to this special title.

It's an honor.

I just failed to become the chairman, and this title always feels a little bit lacking.

Noma is now targeting Natarajan in various ways, just as he had previously targeted Cyrus.

Within the group, whenever there is any policy, Noma will sing a different tune from Natarajan.

"Natarajan, this is the investment plan I talked about last time. Please approve it." Norma threw a folder on Natarajan's desk.

"What investment plan?" Natarajan frowned slightly.

"It's the $10 billion overseas investment plan," said Norma.

"This project involves too much money and too many issues. It requires internal discussion within the group. Moreover, such a major event cannot be decided all at once. Various preliminary research needs to be done..."

Before Natarajan could finish, Norma interrupted him and said, "Stop. I have already researched these. We found the most famous consulting company in the United States. All risk assessments are normal. Everyone is very optimistic about this investment. Do you have any other opinions? Approve it quickly."

(End of this chapter)